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The Regulatory Machine: An Institutional Approach to Innovative Payments in Europe

In: Bitcoin and Mobile Payments

Author

Listed:
  • Gino Giambelluca

    (Banca d’Italia)

  • Paola Masi

    (Banca d’Italia)

Abstract

The authors deal with the evolution of the regulatory approach to innovative payments and describe the roles and actions of the authorities involved. The 2011 Green Paper “Towards an integrated European market for card, internet and mobile payments” sets out the first coherent European policy stance and priorities on e- and m-payments. Various initiatives have since been undertaken by the European Central Bank, the European Banking Authority and the European legislators especially in the field of security of payments, a key factor in enabling a sound growth of the new instruments. The final aim is to reflect on the adequacy of the present institutional architecture (division of powers, international cooperation, etc.) in fostering the development of an integrated, inclusive and competitive market of payment services.

Suggested Citation

  • Gino Giambelluca & Paola Masi, 2016. "The Regulatory Machine: An Institutional Approach to Innovative Payments in Europe," Palgrave Studies in Financial Services Technology, in: Gabriella Gimigliano (ed.), Bitcoin and Mobile Payments, chapter 1, pages 3-25, Palgrave Macmillan.
  • Handle: RePEc:pal:psincp:978-1-137-57512-8_1
    DOI: 10.1057/978-1-137-57512-8_1
    as

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